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I don’t get it here, in the June 2011 exam, personal remuneration was allowable, and wherever I read, im told that its disallowable, we have to add it back when trying to convert acc profits to taxable profits, some clarification needed here please! Need someone to clear the air up on leasing premiums n dividends
Where is it allowable? Bayle Defender has two jobs. She is a a self-employed lawyer. She is also a director of Acquit & Appeal Ltd. The remuneration received relates to her work as a director. It has nothing to do with the adjustment of taxable profits.
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